Taxation Task Force to Look at HHR Rates

A Pari-Mutuel Wagering Taxation Task Force has been established in the Kentucky General Assembly to “study the taxes and rates related to horse racing, the impact that changing the rates would have, and the funds relating to the horse industry which receive historical horse racing tax receipts [and] determine if any changes should be made.” The task force will be co-chaired by Kentucky State Senator Damon Thayer and House of Representatives member Adam Koenig.

The Kentucky Equine Education Project (KEEP) issued a statement in support of the action Tuesday:

“The Kentucky Equine Education Project (KEEP) commends the appointment of the Pari-Mutuel Wagering Taxation Task Force, the first step in ensuring an equitable tax rate for historical horse racing (HHR) that will result in increased revenue for the state and promote continued growth for Kentucky's nation-leading horse industry.

“During the legislative session when the preservation of HHR was discussed, Kentucky's horse industry pledged to work with the legislature to assess the tax structure of HHR, how those funds are allocated, what the impact would be on the industry and Kentucky's economy if the tax rates are changed, and determine if any changes should be made to the existing structure.

“KEEP stands ready to work with the Task Force and be part of the conversation on HHR to ensure that entire horse industry – all breeds and disciplines – continues to see benefit from HHR through incentive funds and other state programs. Additionally, it is paramount that changes to the tax structure of HHR are not detrimental to the horse industry's 60,000 direct and indirect jobs and its $6.5 billion impact on Kentucky's economy. KEEP looks forward to working closely with the Task Force to accomplish these goals.

“KEEP extends its gratitude to Representative Matt Koch and Representative Ruth Ann Palumbo for their legislative efforts to establish this Task Force.”

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Fasig-Tipton Now Accepting Nominations For 2021 July Selected HORA Sale

Nominations are now open for Fasig-Tipton's July Selected Horses of Racing Age Sale, to be held on Monday, July 12, in Lexington, Ky. The sale will precede Fasig-Tipton's July Selected Yearling Sale, to be held on Tuesday, July 13.

First held in 2013, the sale has risen to become North America's leading horses of racing age sale, providing exceptional results for both sellers and buyers.

For sellers, the sale has produced individual prices as high as $1,075,000, and an overall sale average and median as high as $105,800 and $56,000, respectively, in any given year. The 2020 sale was topped by Grade 3-placed 2-year-old colt County Final, who sold for $475,000.

The sale is highly popular with buyers from coast-to-coast, who have achieved success at all levels with sale graduates.  To date, sales graduates have made nearly 9,500 starts, notched 95 stakes wins, and amassed earnings of more than $50 million since that inaugural sale in 2013. In the last year alone, the sale has produced an impressive five individual graded stakes winners in Fast Boat (2021 G2 Twin Spires Turf Sprint Stakes), Fearless (2021 G3 Gulfstream Park Mile Staes), Biddy Duke (2020 G3 Senator Ken Maddy Stakes), Cross Border (2020 G2 Bowling Green Stakes), and Cool Arrow (2020 G3 Smile Sprint Stakes).

Entries for the initial online catalog release will close on June 18, but Fasig-Tipton will continue to add approved entries after that date up until sale time. The interactive online catalog features continuously updated pedigrees, Daily Racing Form and Thoromanager past performances, Ragozin speed figures, race replays, and more.

To nominate or learn more about Fasig-Tipton's July Selected Horses of Racing Age Sale, please visit http://hora.fasigtipton.com/.

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Report Published on Future of British Thoroughbred Breeding

A report titled The future for British breeding and its potential impact on the British racing industry was published by the Thoroughbred Breeders' Association on Tuesday. The report details recommendations to halt the potentially catastrophic impact of the COVID-19 pandemic on British racing in the medium and long term.

Some of the suggestions in the report are: capitalising on Britain's international reputation for breeding and racing, ensuring a competitive and diverse racing programme and improving the viability of the British breeding industry. In addition, the report recommends united industry action on reforming the Levy-funding system, increasing racehorse ownership and considering initiatives that have worked in other countries.

The report states in part, “Whilst in the immediate aftermath of the Covid-19 pandemic the impact on racing will arise from its effect on owners, unable to support as many horses in training, and by the exodus of horses in training to France and Ireland, where prizemoney levels have been more resilient, the long-term damage is most likely to be caused by its impact on breeders.

“This could be exacerbated by changes in the ownership structure of three of the five major breeding operations, due to the loss of their founders in the early months of 2021. As a result, there will simply not be enough horses to sustain a racing programme in Britain of the scale the sport has grown used to.”

TBA Chairman Julian Richmond-Watson said, “Since the publication of the TBA Economic Impact Study of 2018, we have delivered a number of projects as part of our strategic plan to improve the environment for British breeders and the breed. It was great to see the Great British Bonus implemented in time for the return of racing in June last year to provide the much needed support to investors of British bloodstock.

“Throughout 2020 we actively monitored the situation, collecting data from various sources to assess the potential impacts on our industry. Today's report provides evidence that some of the trends first highlighted in the 2018 study have unfortunately been accelerated by the events of the last 12 months. Although the GBB scheme is showing early signs of success, it alone cannot resolve all of the industry's issues. The report provides recommendations for future recovery and we hope that our industry partners will support us for the long-term benefit of the sport, its horses and people.”

The TBA will be hosting a webinar to discuss the report in more detail on Thursday, May 27 at 10:30 a.m. local time. To register for the event, please click here. For more information on the report, please visit www.thetba.co.uk/.

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Ashleyluvswater: Cal-Bred Takes on East Coast Mountainside

   Ashleyluvssugar (Game Plan), a five-time Grade II-winning 10-year-old gelding, made a splash- quite literally- on social media this week in a post from After the Finish Line, where he was seen taking an enthusiastic wade through a stream in the North Carolina mountains.

The fan-favorite California-bred is now owned by Allie Conrad, who has worked with hundreds of ex-racehorses over the years, but said this one is truly one of a kind.

“This was his first off-the-farm trip where we took him camping up in the mountains,” Conrad shared. “I took him down to the river and he was unsure. What wasn't shown in the video was that I hopped down and kind of boulder hopped about 10 feet out so I wouldn't get wet but he would understand that he could follow me into the river. Well he took it quite literally and leaped onto the boulder with me, knocking me into the river. He looked like an elephant on a ball standing on this rock looking at me in the river like, 'Okay I'm here, now what?'”

(Video footage courtesy After the Finish Line and Allie Conrad )

A homebred for Sharon Alesia, Bran Jam Stable and Ciaglia Racing, Ashleyluvssugar raced 38 times over eight years for trainer Peter Eurton. He collected five Grade II wins, including two editions of the Charles Wittingham S. and also ran fifth in the 2016 GI Breeders' Cup Turf. He retired last spring with earnings of over $1.4 million as his trainer's second-highest earner.

When given the opportunity, Conrad jumped at the chance to take on the bay gelding.

“I have a huge fan-girl crush on stakes horses,” she said. “They have an arrogance and a confidence that I just love. A lot of people don't know how to deal with them because they can be very opinionated. Even to get their feet or teeth done, they're like, 'I don't know who you think you are but I won [x or y] race.' They know they're fancy. When he ran his last race and it was clear he wasn't loving it anymore, he came to me clean-legged, perfectly happy and in beautiful condition.”

Conrad has had her hands on her fair share of retired racehorses as the executive director of the aftercare organization CANTER Mid Atlantic for 20 years. When she retired stepped away years ago, she made it her goal to branch out with her own off-track Thoroughbreds.

“I decided to live by the motto that life is short, go do the things that bring you joy,” she shared.

During her time with CANTER, Conrad met Dawn Mellen, the President and Founder of After the Finish Line and an active member of her family's Bran Jam Stable.

“Her family is the gold standard for taking care of their racehorses,” Conrad said. “She would reach out to me asking about a horse they had owned as a yearling that was now running at the bottom at Laurel or Charles Town or wherever, seeing if I could go check up on them. In doing that, we ended up taking six of her family's horses that they hadn't owned for years, but they would provide for all expenses until we could re-home them.”

Three years ago Mellen called Conrad to let her know that it was time for their dual Grade III winner Bettys Bambino (Unusual Heat) to retire. Conrad was confused as to how Mellen wanted her to help.

“I was in North Carolina and he was in California. But she asked me very bluntly why I always commented on Betty's videos on social media and I said there was something about him that just spoke to my soul. She said her family had discussed it and they wanted me to own him. I was so honored. They shipped him here and soon after, started talking to me about Ashleyluvssugar.”

'Sugar' arrived in North Carlina last year, but Conrad said  it took some time for him to learn to relax in his new environment.

“One thing about stakes horses is that they're so used to their routine and the hustle and bustle of shipping, racing and adoring fans,” she explained. “They feed off of it and can get depressed when they come into a quieter environment. They've gone from training hard every day to essentially doing nothing so it can be a little bit of a challenge, but I just happen to love that challenge.”

After about 10 months of reassurance from his new owner, Sugar began settling into his new job description.

“He finally started to look to me for guidance when he was questioning things,” Conrad said. “It goes back to that stakes-horse mindset where he's like, 'I don't need you. I know my job.' But he finally took a breath and realized I would make the decisions for him.”

“I would call this horse cheeky and brilliant,” Conrad added of his personality. “He's got a sense of humor and is really expressive with his feet. We call him Michael Flatley, Lord of the Dance. He slings his legs up in the air every time you ask him to do something. Some people would think he was being aggressive, but it has to do with the fact that he does everything with enthusiasm. You ask him to do something and he does it times 100.”

Conrad said that she has plans to take Sugar to this year's Retired Racehorse Project's Thoroughbred Makeover in October. There he will be competing for the Georgia B. Ridder Foundation's $2,500 Top-Placed Cal-Bred Award.

Ashleyluvssugar takes the 2017 GII Charles Whittingham Stakes. | Benoit

“I will probably lean him towards something non-traditional,” Conrad said. “With him being so quick and athletic, I needed a Western saddle with him so I'll probably be aiming him for some of the Western disciplines. He may tell me something different, but we don't have to decide for a few months. If you teach him something, he owns it. A quiet brain is a trainable brain, and so I can basically teach him anything now that his brain is quiet enough to be taught.”

While she's not sure in what area Sugar will end up excelling, she knows he has all the potential to be a success.

“He is a very different-brained horse,” she said. “I wouldn't say he will be my last Thoroughbred, but I'm pretty sure the universe sent me the most complicated re-training project. He's not difficult, he's just weird and funny and I love it.”

Ashleyluvssugar has been a very different pupil than Conrad's other Peter Eurton trainee.

Pennmarydel, a full brother to 2006 GI Kentucky Derby winner Barbaro, romps with his long-eared friends Nigel Herringbone Bigglesworth III (center) and Reginald Striebling Cumberbatch (right). | Sarah Andrew

“Bettys Bambino is the polar opposite. With him, everything is very serious. There's no joking, no laughing, he does his job and does it well. I call him a once-in-a-lifetime horse. He's unbelievably quiet and steady. My niece will come and ride little walk-trot lessons. He and I have gotten into mountain riding. We go all over the East Coast riding up and down mountains. We go camping, we gallop on beaches and trail ride every day.”

Conrad has a trip planned next year to take Bettys Bambino out west to ride in the mountains of Utah, Montana and Wyoming.

“Sugar will probably come along too,” she said. “My two little racehorses and I are going to show up some Quarter Horses and run up  the mountains faster than anybody else.”

The horsewoman has gathered quite the collection of racing characters in her barn.

“Having both Bettys Bambino and Ashleyluvssugar in my barn is an absolute treasure and a joy. They go out with their best friend Pennmarydel (Dynaformer), who is Barbaro's full brother. He didn't have the racing success but he has the bloodlines and knows he's fancy. I've got a bunch of big egos in my barn, but they match with my own so it works just fine.”

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